FIH Mobile (Germany) Market Value
| FW3 Stock | EUR 0.10 0 1.01% |
| Symbol | FIH |
FIH Mobile 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to FIH Mobile's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of FIH Mobile.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in FIH Mobile on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding FIH Mobile Limited or generate 0.0% return on investment in FIH Mobile over 30 days. FIH Mobile is related to or competes with WESTLAKE CHEMICAL, MARKET VECTR, Westlake Chemical, BJs Wholesale, CHEMICAL INDUSTRIES, and SPARTAN STORES. FIH Mobile Limited, an investment holding company, provides integrated manufacturing services for the handset industry w... More
FIH Mobile Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure FIH Mobile's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess FIH Mobile Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.23 | |||
| Information Ratio | 0.0577 | |||
| Maximum Drawdown | 61.36 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 7.06 |
FIH Mobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIH Mobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FIH Mobile's standard deviation. In reality, there are many statistical measures that can use FIH Mobile historical prices to predict the future FIH Mobile's volatility.| Risk Adjusted Performance | 0.0682 | |||
| Jensen Alpha | 0.4394 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | 0.0503 | |||
| Treynor Ratio | 1.39 |
FIH Mobile Limited Backtested Returns
FIH Mobile appears to be out of control, given 3 months investment horizon. FIH Mobile Limited secures Sharpe Ratio (or Efficiency) of 0.0788, which denotes the company had a 0.0788% return per unit of return volatility over the last 3 months. By analyzing FIH Mobile's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize FIH Mobile's mean deviation of 2.87, and Downside Deviation of 7.23 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, FIH Mobile holds a performance score of 6. The firm shows a Beta (market volatility) of 0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, FIH Mobile's returns are expected to increase less than the market. However, during the bear market, the loss of holding FIH Mobile is expected to be smaller as well. Please check FIH Mobile's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether FIH Mobile's price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
FIH Mobile Limited has weak predictability. Overlapping area represents the amount of predictability between FIH Mobile time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of FIH Mobile Limited price movement. The serial correlation of 0.23 indicates that over 23.0% of current FIH Mobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
FIH Mobile Limited lagged returns against current returns
Autocorrelation, which is FIH Mobile stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting FIH Mobile's stock expected returns. We can calculate the autocorrelation of FIH Mobile returns to help us make a trade decision. For example, suppose you find that FIH Mobile has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
FIH Mobile regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If FIH Mobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FIH Mobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FIH Mobile stock over time.
Current vs Lagged Prices |
| Timeline |
FIH Mobile Lagged Returns
When evaluating FIH Mobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FIH Mobile stock have on its future price. FIH Mobile autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, FIH Mobile autocorrelation shows the relationship between FIH Mobile stock current value and its past values and can show if there is a momentum factor associated with investing in FIH Mobile Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in FIH Stock
FIH Mobile financial ratios help investors to determine whether FIH Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in FIH with respect to the benefits of owning FIH Mobile security.